Megatrends

The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.

The personal accessories market in Taiwan continued to record healthy current value growth in 2019. Sales were boosted by increasing demand for personal accessories for use in daily wear as well as the growing influence of social media, on which both...

In 2019, personal accessories in Germany continued to register positive current value growth. This can be attributed to the positive current value growth performance in all categories, benefitting from a stable environment at national level. ...

The Polish economy has been developing dynamically in recent years. According to Central Statistical Office (GUS) data, Polish GDP recorded an increase of 5% in 2018. The main driving force of the Polish economy is private consumption, which ...

Personal accessories in Singapore recorded weak retail current value growth in 2019 due to weak consumer sentiment as well as a drop in tourism receipts. For the higher-end brands in the industry, tourism is a key factor contributing to the growth. ...

The United Arab Emirates retail environment has been in difficult economic straits since 2014, although the past few years have seen an improvement, albeit with only slow growth. Difficulties for personal accessories players have arisen due to high ...

The personal accessories market has continued to experience strong current value growth in 2019 as consumers continue to become more fashion conscious due to the rising penetration of social media platforms such as Instagram and Facebook, rising ...

With the Russian economy not showing any signs of recovery, personal accessories maintained roughly the same pace of value growth in 2019 as it had seen in 2018. Low- and middle-income consumers were the most affected by negative economic conditions,...

Personal accessories in the US recorded strong growth in 2019. Bags and luggage sales continued to grow as consumers’ penchant for experiences coupled with an increase in affordable travel options lifted demand for travel bags like luggage and duffel...

Personal accessories in Malaysia continued to register positive growth in 2019, although the industry’s performance was tempered somewhat by waning demand, high levels of competition and widespread price discounting. However, the building trend for ...

Personal accessories saw ongoing value growth in Japan in 2019. Value rose despite falling volumes due to a declining population, the growing prevalence of rental and sharing services in categories such as bags and luggage, and watches, and the ...

The Dutch economy and stable consumer confidence continued to fuel demand for personal accessories in 2019. Dutch consumers were willing to spend on products not only for their primary functionality, but also as fashion accessories. However, current ...

Personal accessories maintained its strong retail value growth in 2019, largely due to price increases due to the devaluation of the Turkish lira and a switch to higher-quality branded goods away from generic products among consumers, despite a ...

Increasing purchasing power amongst mid-income consumers in the Philippines, due to tax reforms resulting in most mid-income consumers being able to earn more due to reduced income tax, continues to support stable demand for personal accessories, in ...

In contrast to the strong consumer confidence seen in the previous two years, which boosted value sales of personal accessories, 2019 saw a sluggish performance. Another slight slowdown expected in the Italian economy in 2019 caused consumers, ...

Sales growth continued to slow down in personal accessories in 2019 as the stuttering South Korean economy, the rising cost of living and faltering consumer confidence conspired to diminish demand in all personal accessories categories. However, one ...

Personal accessories recorded a modest increase in value sales in 2019, with consumers trading up to more expensive products remaining a key growth driver as volume stagnation or decline remained common. This trading up is owing particularly to ...

Thailand’s relatively stable economy and continuing stream of tourists, expansion of retail branches by major chained retailers and a bright new flagship concept store are among the factors that helped personal accessories maintain stable value ...

Macroeconomic adversity negatively impacted all categories of personal accessories, which experienced sharp decreases in retail volume sales. Wage increases did not come close to covering annual inflation, so the loss of purchasing power for the ...

With ongoing economic instability for South Africa, consumers continued to suffer from declining disposable incomes, the rising cost of living and restricted access to credit. This scenario resulted in continual low confidence for low- to mid-income ...

Personal accessories are usually popular with Ukrainian consumers, who pay a lot of attention to their look and always strive to be stylish and trendy. Women are core consumers of such products, with assortments considered for purchasing being ...